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Finance subcommittee hears multi‑year deficit forecast, staff recommends renewing Measure D for June 2026 ballot
Summary
Staff presented a preliminary 3–5 year forecast showing a $3.4 million shortfall in FY 2026–27 that could grow in later years, recommended placing a Measure D library parcel tax renewal on the June 2026 ballot, and previewed hiring freeze and other cost‑containment steps to limit service impacts.
The Seminole City Council Finance Subcommittee received a preliminary 3‑to‑5‑year forecast Wednesday that projects a structural general fund gap beginning in fiscal year 2026–27 and recommended the council place a Measure D library parcel tax renewal on the June 2026 ballot.
Finance Director (speaker 2) told the subcommittee the city’s preliminary forecast shows a roughly $3.4 million gap in 2026–27, with out‑year pressures growing to an estimated $4.3–$5.9 million unless the city adopts ongoing balancing measures. “We have on the council long range calendar plans to basically have the similar discussion … and we are recommending … that the renewal of the measure d library tax be placed on the June 2026 ballot,” the finance director said.
Why it matters: the presentation…
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